Nonprofit · EIN 42-0889788
SPENCER INDUSTRIES FOUNDATION
Tax-exempt · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,742,434 | $1,166,746 | $1,575,688 | $1,876,741 | $35,847 | $1,840,894 |
| September 30, 2024 | 990-EZ | $9,008 | $55,299 | -$46,291 | $296,057 | $30,851 | $265,206 |
| September 30, 2023 | 990-EZ | $9,859 | $196,488 | -$186,629 | $342,348 | $30,851 | $311,497 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,742,428
- of which government grants
- $35,500
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $90,032
- Accounting fees
- $1,775
- Program services (functional)
- $1,163,522
- Management and general (functional)
- $3,224
Balance sheet and other
- Total assets, start of year
- $296,057
- Total assets, end of year
- $1,876,741
- Total liabilities, end of year
- $35,847
- Net assets, end of year
- $1,840,894
- Land, buildings and equipment
- $491,905
- Net assets without donor restrictions
- $1,840,894
- Gross receipts
- $2,742,434
- Employees
- 0
- Year formed
- 1975
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP RAMSTACK | President Trustee or director | 1 | $0 |
| CLARK CUNNINGHAM | Director Trustee or director | 1 | $0 |
| KENT NELSON | Director Trustee or director | 1 | $0 |
| MIKE BRYAN | Director Trustee or director | 1 | $0 |
| JASON WARREN | Vice President Trustee or director | 1 | $0 |
| LOREN REIT | Director Trustee or director | 1 | $0 |
| JAMIE STORY | Director Trustee or director | 1 | $0 |
| KEVIN ROBINSON | Director Trustee or director | 1 | $0 |
| STEVEN PICK | Director Trustee or director | 1 | $0 |
| CURT STROUTH | Director Trustee or director | 1 | $0 |
| RYAN JOHNSON | Director Trustee or director | 1 | $0 |
| RANDY SWANSON | Director Trustee or director | 1 | $0 |
| KERRY SELF | Director Trustee or director | 1 | $0 |
990-EZ for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP RAMSTACK | President | 1 | $0 |
| CLARK CUNNINGHAM | Director | 1 | $0 |
| KENT NELSON | Vice President | 1 | $0 |
| MIKE BRYAN | Director | 1 | $0 |
| JASON WARREN | Secretary | 1 | $0 |
| LOREN REIT | Director | 1 | $0 |
| JAMIE STORY | Director | 1 | $0 |
| KEVIN ROBINSON | Director | 1 | $0 |
| STEVEN PICK | Director | 1 | $0 |
| CURT STROUTH | Director | 1 | $0 |
| RYAN JOHNSON | Director | 1 | $0 |
| RANDY SWANSON | Director | 1 | $0 |
| DON HEMPHILL | DIRECTOR | 1 | $0 |
990-EZ for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP RAMSTACK | President | 1 | $0 |
| CLARK CUNNINGHAM | Director | 1 | $0 |
| KENT NELSON | Vice President | 1 | $0 |
| MIKE BRYAN | Director | 1 | $0 |
| JASON WARREN | Secretary | 1 | $0 |
| LOREN REIT | Director | 1 | $0 |
| JAMIE STORY | Director | 1 | $0 |
| STEVEN PICK | Director | 1 | $0 |
| DAN GIFFORD | Director | 1 | $0 |
| RYAN JOHNSON | Director | 1 | $0 |
| DOUG BENJAMIN | Director | 1 | $0 |
| RANDY SWANSON | Director | 1 | $0 |
| DON HEMPHILL | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 520 2ND AVE E STE 2, SPENCER, IA 51301-5033
- Signed the 990
- JASON WARREN, President
- Phone
- (712) 264-3474
- Return prepared by
- WINTHER STAVE & CO LLP
Mission
To further the economic development of Spencer, Iowa, and surrounding areas.
Program accomplishments
- To promote and assist the growth and development of business concerns in Spencer, Iowa and surrounding areas.Expenses $1,166,745 · grants $1,042,658 · revenue $2,742,427
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990-EZ on file |
IRS record
- EIN
- 42-0889788
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,876,741
- Income (IRS master file)
- $2,742,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,742,434 | $1,166,746 | $1,876,741 | XML |
| 990-EZ | September 2024 | $9,008 | $55,299 | $296,057 | XML |
| 990-EZ | September 2023 | $9,859 | $196,488 | $342,348 | XML |
| 990 | September 2022 | $344,811 | $231,964 | $528,977 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-EZ | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0889788).
Questions about SPENCER INDUSTRIES FOUNDATION
- What is the EIN of SPENCER INDUSTRIES FOUNDATION?
- The employer identification number (EIN) of SPENCER INDUSTRIES FOUNDATION is 42-0889788.
- Is SPENCER INDUSTRIES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1965.
- Are donations to SPENCER INDUSTRIES FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPENCER INDUSTRIES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPENCER INDUSTRIES FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPENCER INDUSTRIES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of SPENCER INDUSTRIES FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does SPENCER INDUSTRIES FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,742,434, expenses of $1,166,746 and total assets of $1,876,741 at year end.
Other nonprofits in SPENCER
- ST LUKE HOMES & SERVICES INC EIN 42-6078294 · last filed 990 for 2025
- NORTHWEST IOWA MENTAL HEALTH CENTER EIN 42-0840465 · last filed 990 for 2025
- COMMUNITY HOUSING INITIATIVES INC EIN 42-1416426 · last filed 990 for 2024
- CLAY COUNTY FAIR ASSOCIATION EIN 42-0185302 · last filed 990 for 2025
- SPENCER REGIONAL HEALTHCARE FOUNDATION EIN 42-1416816 · last filed 990 for 2025
- EASTWOOD OF AMES INC EIN 20-4700881 · last filed 990 for 2024
- YOUNG MENS CHRISTIAN ASSOCIATION OF SPENCER IOWA EIN 42-0820570 · last filed 990 for 2025
- REGIONAL TRANSIT AUTHORITY ART EIN 42-1133312 · last filed 990 for 2025